6 ms·

whats the matter californian, scared of a little wealth tax?

• stretchwithme 1y ago
  [flagged]
  • karmakurtisaani 1y ago
    This is so vague that it makes me believe you know even less about him than me, and I've barely heard of the guy!
  • antifa 1y ago
    Enough about Trump, this thread is about Mamdani.
• fragmede 1y ago
  Given that California's top tax rate is 13.3% to New York City's 14.8%, I'm not sure whos supposed to be scared.
  • wat10000 1y ago
    You're thinking of income tax. Wealth tax is a tax on, well, wealth, rather than just on what you earn. I don't think any US jurisdiction currently has a wealth tax.
    • sundaeofshock 1y ago
      Property taxes - which exist in all 50 states — are a wealth tax.
    • code_for_monkey 1y ago
      Actually I think Zohrans policy is the same as the one enacted in Massachussetss in 2022, the 'millionaires tax'. Its provided 2 billion to the state and theres still more millionaires in the state than there was when it was implemented. I hope we do this in NYC!